Funding you earn now, next payment 08:00 UTC−0.1942%/8h= −212.7% APRnext payment −$19.42 per $10,000 · paid last 24h −0.091%
Price spread now: Gate against Bybit+0.608%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$267as in the Funding arb table
Net, price: spread back to 7d avg − costs−$223as in the Price arb table
costs, in and out, $10k−$2832.833% of the position
Funding, last 7 days+0.162%+$16 on $10k
+Price spread, last 7 days−0.547%−$55 · spread now +0.608%, 7d avg +0.005%
=The price spread pays, funding is against you. Gate is 0.603% dearer against Bybit than usual: you sell high and buy low (spread +0.608% now, against its 7-day average of +0.005%): +$60 on $10k if it goes back. Holding the pair costs −$58 a day in funding at the current rate, which eats that in about 25 hours. Mind the row above: over the last 7 days funding on this pair paid +0.162%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.162% in total (about 8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$19.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MINIMAXUSDT | 37.860 | 0.1942 | pay 0.1942% / 8h | 6h 21m | $921K | $1.4M | 25x |
| Short | Gate MINIMAX_USDT | 38.090 | 0 | get 0.0000% / 8h | 6h 21m | $1.4M | $4.7M | 50x |
Bybit MINIMAXUSDT
Gate MINIMAX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$407.87
- Price spread: +0.608% → +0.005%
- $60.26
- Slippage, 4 orders
- −$257.31
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$630.92
- Costs to cover
- 2.833%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 5 min ago | 6.51 bp | 45.2 bp −$45 | 247.1 bp −$2,471 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 7.80 bp | 76.3 bp −$76 | 284.5 bp −$2,845 | doesn't fit | doesn't fit |
MINIMAX on 17 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MINIMAX_USDTshort | 0.0000% | 8h | 38.090 | +0.608% | $1.4M | $4.7M | 50x | |
| HTX MINIMAX-USDT | 0.0000% | 4h | 38.169 | +0.816% | $45K | $199K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 38.081 | +0.584% | $96K | $4K | 10x | as long as short |
| SunX MINIMAX-USDT | +0.0072% | 4h | 38.100 | +0.634% | $15 | $3.5M | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0341% | 8h | 38.083 | +0.590% | $34K | $150K | 20x | as long as short |
| Aevo MINIMAX-PERP | +0.0512% | 1h | 37.798 | −0.163% | — | — | 10x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0688% | 4h | 38.000 | +0.370% | $96K | $37K | 20x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1353% | 8h | 37.740 | −0.317% | $2.1M | $8.8M | 20x | as long as short |
| Bitget MINIMAXUSDT | +0.1379% | 8h | 38.003 | +0.378% | $1.3M | $2.6M | 20x | as long as short |
| Binance MINIMAXUSDT | +0.1428% | 4h | 38.041 | +0.477% | $6.6M | $33.8M | 25x | as long as short |
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
SunX MINIMAX-USDT
Aster MINIMAXUSDT
Aevo MINIMAX-PERP
KuCoin MINIMAXUSDTM
OKX MINIMAX-USDT-SWAP
Bitget MINIMAXUSDT
Binance MINIMAXUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MINIMAX-USD | +0.1432% | 1h | 37.930 | +0.185% | $3K | — | 10x | as long as short |
| Lighter MINIMAX | +0.1784% | 1h | 37.969 | +0.288% | $43K | $26K | 10x | as long as short |
| Bybit MINIMAXUSDTlong | +0.1942% | 8h | 37.860 | long leg | $921K | $1.4M | 25x | |
| edgeX MINIMAXUSDC | +0.1968% | 4h | 38.465 | +1.599% | $29K | $187K | 10x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.3059% | 1h | 37.997 | +0.362% | $4.4M | $3.1M | 10x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.3098% | 4h | 38.400 | +1.426% | $417 | $127K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.3163% | 1h | 38.540 | +1.796% | $29K | $37K | 5x | as long as short |
Extended MINIMAX-USD
Lighter MINIMAX
edgeX MINIMAXUSDC
tradeXYZ xyz:MINIMAX
GRVT MINIMAX_USDT_Perp
Ondo Perps MINIMAX-USD.P